Hamilton Lane Third Co-Investment Fund Closes Above Target
Jun 22, 2015, 09:00 ET
BALA CYNWYD, Pa., June 22, 2015 /PRNewswire/ -- Hamilton Lane, a leading global private markets asset management firm, today announced the final closing of Hamilton Lane Co-Investment Fund III ("the Fund"). The Fund received significant interest from the global institutional investor community and was oversubscribed relative to its target fundraising amount, closing at its hard cap of $1.5 billion. This pool of capital will rank Hamilton Lane among the largest managers of co-investment capital in the world.
The Fund consists of new and existing Hamilton Lane investors from around the globe, including public pension funds, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, high-net-worth individuals and other financial institutions. The Fund's strategy is to provide direct equity capital into buyout and growth transactions, alongside some of the leading general partners. It provides unique diversification across enterprise value, geography, and industry.
"With a dedicated co-investment team of over 20 professionals, experience in the space dating back to 1996 and over 200 completed transactions to date, investors were able to see Hamilton Lane as a uniquely experienced and focused option for obtaining co-investment exposure in their portfolios," said Erik Hirsch, Chief Investment Officer of Hamilton Lane. "We are pleased to see our investors realize the benefits of our global market presence and deep relationships among leading general partners. We are grateful for their support."
Hamilton Lane has been an active co-investor for nearly 20 years. The Fund is a continuation of the success of Hamilton Lane's previous co-investment vehicle, Hamilton Lane Co-Investment Fund II ("Fund II"), a 2008 vintage year fund with $1.2 billion in capital. According to Preqin, Fund II is among the top performing co-investment funds1 with a 1.9x net multiple of investment capital (MOIC) and 22 percent net internal rate of return (IRR)2.
"Our extensive network among general partners, and our ability to be a trusted partner to them, has resulted in a franchise that is well-positioned to continue as a true leader in the co-investment field," said Brian Gildea, Managing Director of the Global Co-Investment team at Hamilton Lane.
About Hamilton Lane
Hamilton Lane is an independent alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. The firm has been dedicated to private markets investing for more than two decades and currently has more than 225 employees operating in offices throughout the U.S., Europe, Asia, Latin America and the Middle East. With over $224 billion in total assets under management and supervision2, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis.
For more information, please visit www.hamiltonlane.com.
1 Source: 2015 Preqin, 2 As of March 31, 2015
SOURCE Hamilton Lane
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